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BSP keeps rates steady

The Bangko Sentral ng Pilipinas yesterday kept the benchmark interest rate at an all-time low of two percent to quicken economic recovery as the recession induced by the COVID-19 pandemic extended for five straight quarters......»»

Category: financeSource: philstar philstarMay 12th, 2021

BSP may keep rates steady

The Bangko Sentral ng Pilipinas is expected to keep interest rates at record low on Thursday as the near-term prospects remain worrisome for the country amid the resurgence of COVID-19 infections, according to Moody’s Analytics......»»

Category: financeSource:  philstarRelated NewsJun 21st, 2021

Rate easing cycle seen to resume in Q3

The Bangko Sentral ng Pilipinas is widely expected to keep rates steady at Thursday’s monetary policy meeting, but would likely resume its easing cycle by September, an international think tank said......»»

Category: financeSource:  philstarRelated NewsJun 21st, 2021

BSP keeps rates steady

The Bangko Sentral ng Pilipinas yesterday kept the benchmark interest rate at an all-time low of two percent to quicken economic recovery as the recession induced by the COVID-19 pandemic extended for five straight quarters......»»

Category: financeSource:  philstarRelated NewsMay 12th, 2021

BSP seen keeping rates steady this year

The Bangko Sentral ng Pilipinas will likely keep interest rates at record lows this year as rising cases of COVID-19 infections continue to impede recovery from the recession, top economists said......»»

Category: financeSource:  philstarRelated NewsMay 11th, 2021

Philippine peso steady as EM currencies weaken

The Philippine peso is a standout among emerging market currencies this year. While many EM currencies weakened significantly against the US dollar on the back of rising US interest rates, the peso has been stable......»»

Category: newsSource:  philstarRelated NewsApr 25th, 2021

BSP seen keeping rates steady

The Bangko Sentral ng Pilipinas is seen maintaining an accommodative stance to help rejuvenate the economy amid a surge in COVID-19 infections, according to Fitch Solutions and Moody’s Analytics......»»

Category: financeSource:  philstarRelated NewsMar 29th, 2021

Spike

The Monetary Board meets this week. The market is betting that policy rates will be held steady......»»

Category: newsSource:  philstarRelated NewsFeb 9th, 2021

‘BSP to keep rates steady’

Amid limited options, the Bangko Sentral ng Pilipinas is left with no choice but to keep interest rates steady on Thursday, according to Moody’s Analytics......»»

Category: financeSource:  philstarRelated NewsFeb 8th, 2021

Maybank sees faster inflation, steady interest rates this year

The Bangko Sentral ng Pilipinas is seen keeping interest rates on hold this year after aggressively cutting the benchmark rate to an all-time low of two percent last year to soften the impact of the global health pandemic on the economy, according to Maybank Kim Eng......»»

Category: financeSource:  philstarRelated NewsJan 9th, 2021

Maynilad postpones 2021 water rate hike

Households and businesses in areas serviced by Maynilad Water Services Inc. will see steady water rates next year......»»

Category: newsSource:  philstarRelated NewsNov 3rd, 2020

BSP keeps interest rates steady

The Bangko Sentral ng Pilipinas kept its key interest rates unchanged yesterday, as expected, saying the current monetary policy settings remain appropriate for the time being......»»

Category: financeSource:  philstarRelated NewsAug 20th, 2020

HSBC sees reduced demand for loans

The Bangko Sentral ng Pilipinas is likely to keep benchmark interest rates steady in the near term amid reduced demand for loans despite all-time low rates due to the COVID-19 pandemic, according to British banking giant HSBC......»»

Category: financeSource:  philstarRelated NewsAug 19th, 2020

Meralco rate seen flat in August billing

The customers of Manila Electric Company (Meralco) can rest easy in this month’s billing cycle as the utility firm is anticipating that its all-inclusive pass-on rate will be flattish or there could even be a slight reduction depending on the final billing of its power suppliers. “The overall rate movement looks to be flattish due to improved power situation for the July supply month,” Meralco Spokesman Joe Zaldarriaga has noted. The other factors that could potentially pull down electricity tariffs this month would be the strengthening value of the Philippine peso versus the US dollar; as well as the quarterly repricing of Malampaya natural gas prices. Meralco procures significant portfolio of its supply from power plants fueled by gas from the Malampaya field – hence, the quarterly reckoning of the gas price could have a softening impact on its pass-on cost to the consumers. Zaldarriaga qualified “there is a possibility for a minimal decrease in overall power rates and generation charge because of these factors.” On the supply situation, the Meralco executive noted “there were no yellow alerts in July; and power supply was more stable compared to June – with lower demand in the grid as well.” He indicated that the steady state of power supply in Luzon last month “may contribute to lower WESM (Wholesale Electricity Spot Market) prices and a decrease in generation charge.” And if the impact of the quarterly repricing of the Malampaya gas will be factored in, plus the reinforced value of the local currency, such elements could contribute to the overall lowering of the generation charge for the August billing. The generation charge accounts for roughly 55 to 60-percent of the overall pass-on cost in the electric bills, hence, a downtrend in that cost component could be substantially felt by consumers. Meralco’s electricity rates had been on declining drift in the past months –and this was precipitated by lower generation charge due to slowdown in demand; in addition to the company’s efforts on invoking force majeure claims with its supplier-companies; that in turn had resulted in lower rates for its customers.This year’s plague of the coronavirus pandemic had shifted consumption upswing on to residential end-users; hence, the rate reductions in the past months had been a valuable help in managing power budgets......»»

Category: sportsSource:  abscbnRelated NewsAug 3rd, 2020

Exporters raise concerns over closure of China port

The country’s exports could take a hit from the expected hike in container shipping rates and supply chain disruptions due to the partial closure of a major port in China, the Philippine Exporters Confederation Inc. said......»»

Category: financeSource:  philstarRelated NewsAug 17th, 2021

BSP rates unmoved, inflation target hiked

Interest rates remained at record lows as the Bangko Sentral ng Pilipinas continued to maintain an accommodative monetary policy stance until the economy fully recovers from the pandemic-induced recession......»»

Category: financeSource:  philstarRelated NewsAug 12th, 2021

GDP slump convinces BSP to maintain historic-low interest rates

The Bangko Sentral ng Pilipinas maintained its historic-low policy rate, keeping monetary support to the economy amid the coronavirus onslaught......»»

Category: newsSource:  philstarRelated NewsAug 12th, 2021

realme TechLife Air Purifier, Cobble Bluetooth Speaker to launch on 8.8 Sale at discounted rates

realme continues to strengthen its presence in the AIOT category with the exciting launch of two new products this month: the realme TechLife Air Purifier and the realme Cobble Bluetooth Speaker.  .....»»

Category: techSource:  thestandardRelated NewsAug 10th, 2021

Meralco rates up this month

Rates of Manila Electric Co. rose for the fifth straight month in August, mainly due to higher transmission charge......»»

Category: newsSource:  philstarRelated NewsAug 10th, 2021

‘Early BSP rate cut cannot be ruled out’

The expected economic snag following renewed mobility curbs should give the Bangko Sentral ng Pilipinas room to adjust rates sooner rather than later, an international think tank said......»»

Category: financeSource:  philstarRelated NewsAug 9th, 2021

CREATE Law pushes corporations’ earnings results higher

Conglomerates are reaping the benefits of the Corporate Recovery and Tax Incentives for Enterprises Act, which lowered corporate tax rates in a bid to improve the competitiveness of the Philippines as a business hub......»»

Category: financeSource:  philstarRelated NewsAug 9th, 2021